Tower Research Capital LLC TRC Has $50,000 Stake in inTEST Co. (NYSE:INTT)

Tower Research Capital LLC TRC lifted its position in shares of inTEST Co. (NYSE:INTT) by 76.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,640 shares of the company’s stock after purchasing an additional 1,574 shares during the quarter. Tower Research Capital LLC TRC’s holdings in inTEST were worth $50,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. bought a new stake in inTEST during the third quarter worth $167,000. Stansberry Asset Management LLC grew its holdings in inTEST by 145.8% during the third quarter. Stansberry Asset Management LLC now owns 113,911 shares of the company’s stock worth $1,728,000 after buying an additional 67,561 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in inTEST by 49.0% during the third quarter. First Eagle Investment Management LLC now owns 359,948 shares of the company’s stock worth $5,460,000 after buying an additional 118,449 shares in the last quarter. WINTON GROUP Ltd bought a new stake in inTEST during the third quarter worth $309,000. Finally, Barclays PLC grew its holdings in inTEST by 161.9% during the third quarter. Barclays PLC now owns 7,521 shares of the company’s stock worth $114,000 after buying an additional 4,649 shares in the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard N. Jr. Grant sold 21,500 shares of inTEST stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $12.03, for a total value of $258,645.00. Following the sale, the chief executive officer now directly owns 171,717 shares in the company, valued at approximately $2,065,755.51. The sale was disclosed in a filing with the SEC, which is available through this link. In other inTEST news, CEO Richard N. Jr. Grant sold 21,500 shares of inTEST stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.03, for a total transaction of $258,645.00. Following the completion of the transaction, the chief executive officer now owns 171,717 shares in the company, valued at $2,065,755.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard N. Jr. Grant sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the transaction, the chief executive officer now owns 215,217 shares of the company’s stock, valued at approximately $2,754,777.60. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded inTEST from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.

inTEST Stock Performance

NYSE:INTT traded down $0.68 during trading on Tuesday, reaching $11.27. The company’s stock had a trading volume of 73,088 shares, compared to its average volume of 99,560. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.70 and a current ratio of 3.53. The firm has a market cap of $137.04 million, a price-to-earnings ratio of 13.26 and a beta of 1.97. inTEST Co. has a 12 month low of $10.66 and a 12 month high of $27.17. The firm has a 50 day moving average of $11.73 and a 200-day moving average of $12.35.

inTEST (NYSE:INTT) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. inTEST had a return on equity of 13.46% and a net margin of 8.02%. The business had revenue of $27.88 million for the quarter, compared to analysts’ expectations of $32.70 million. Research analysts expect that inTEST Co. will post 1.04 EPS for the current fiscal year.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.